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  1. M

    CityPlace Condos

    Just finished for a client: virtual tour of Cityplace: Harbour View Estates if anyone is interested in how the Superclub amenities turned out and compare it to the sales material on the cityplace website
  2. M

    Does anyone recommend buying a condo at CityPlace?

    I live in Cityplace. I'm not an agent but have been in every single building because I looked to purchase/rent and also do virtual tours for clients. I just finished shooting a virtul tour and helping out with a writeup to the Harbour View Estates. You can find it here I'll try to...
  3. M

    Fly Condos (Empire Communities) - Real Estate -

    here's a virtual tour and current price list I found off a Real Estate Agent's website that will give you guys a better picture. I visited it and I wasn't impressed.
  4. M

    CityPlace: St. Jamestown in waiting?

    scathing review One real estate agent has a scathing review of Harbour View Estates that points out many of the problems mentioned. It's funny about the blackout. I was told unauthorized appliances tripped the system and caused the blackout. The buildings are designed to take great...
  5. M

    Toronto Toronto | Fly Condos | ?m | 24s | Empire | Graziani + Corazza

    Didn't they sell 300 units on opening day? Shouldn't it be ready to go? Is it too late to start digging the hole? Found a realtor with some virtual tours of the sales centre if you haven't been there yet: Fly Condos Virtual Tour, Pictures, and Information
  6. M

    Toronto Toronto | Fly Condos | ?m | 24s | Empire | Graziani + Corazza

    It's not an unreasonable request, but most condo builds try to reduce costs and complexity as much as possible so they keep things like the water pipe lines, close to the walls, along the same axis. Not corner units, but I've been in quite a few suites with layouts similar to what you are...
  7. M

    Selling Condo prior to Occupancy - will it be a loss ?

    Depends on the project. For a hot project, they don't want to help you with an assignment clause put in after the grace period, because they are more than happy for you to default, keep your deposit, and sell to the next person. If they did allow you to put in a clause after-the-fact...
  8. M

    Selling Condo prior to Occupancy - will it be a loss ?

    Buried in the purchasing agent agreement. A good agent will advise you of it BEFORE purchasing and remind you, or ask your lawyer directly to look for it BEFORE the grace period.
  9. M

    Buying New vs Resale

    Half the members here are real estate agents! LOL. At least he doesn't spread disinformation like some of the others (you know who) and I'm sort of interested in what he has to offer. I know everyone offes "as low as 1%" nowadays, but after calling, all the agents I've talked to say that...
  10. M

    Toronto Toronto | Victory Condos | ?m | 12s | Lifetime | Wallman Architects

    Yeah, I checked it out the other day at the Liberty Market location. Just some sales material and material examples, although the model suite for their 17 foot ceilings project is nice. I did find an agent who has pics and even a VR tour of the Victory model suite before they closed up shop...
  11. M

    New construction vs. Resale prices

    Average price of a home divided by the average annual household income before taxes. I admit, it's not the best number, but factoring inflation and consumer debt, the picture is even more grim. US and UK were at 6 when they crashed.
  12. M

    New construction vs. Resale prices

    BT did note they are expectional numbers, but I agree with CDR that it is not likely buying pre-con in 2008 guarantees even a minor appreciation when the building is complete. For example, Waterpark City purchased in 2007 for $360k sold in May 2009 for $353k. Follow CDR's advice and look...
  13. M

    Condo Upgrades

    That's a tough one because there isn't a one-stop solution. - 3D Studio comes to mind - Carrera - you can also purchase textures, or entire 3D models from places like Dosch
  14. M

    New construction vs. Resale prices

    Baring the obvious reason of unfair, apple to oranges comparison of buildings, pre-construction has historically been cheaper than resale. This should be the norm. When pre-con is greater than resale, you have a bubble. We witnessed this in 2004. The sharp rise in pre-con prices in...
  15. M

    Real Estate Agent Sues For Lower Fees

    I just read the recent Tony Wong article about the agent who is trying to sue the Toronto Real Estate board, claiming they are preventing discount brokerages. http://www.thestar.com/article/649558 The suit is a farce because there are plenty of discount brokerages! Heck one guy is doing it...
  16. M

    Some good areas to live

    $1000 in the GTA gives you a lot of choices. If you want downtown and less sketchy than church/wellesley, the college spadina area is cheap. It's stereotypical, but true: Chinese renting out in any area usually offer the best value. For example, a 1 bedroom, 1000sqft in the trendy...
  17. M

    Aura at College Park Condos (Canderel Stoneridge) - Real Estate -

    HAHAHA! I love that line from the real estate board. Yeah, and compared to New York, Paris, or London, we look like a steal! hahahaha! That's like saying, compared to Toronto, Hudson Bay is a bargain and someday be on par. hahaha!
  18. M

    Toronto prices decline 15% in mid-October

    Dave, totally agree with you and put in words far better than I. A trend I've noticed more in Canada than in the US, is mortgage-backing by parental consent/equity. I loathe to take this into consideration, but it supports your point of fewer default rates. I agree that should Canada...
  19. M

    Toronto prices decline 15% in mid-October

    We may be too pessimistic, but I'm siding with CDR108. It's not the mortgages that frighten us, but the insurance. In the US, mortgages were insured by other financial institutions such as AIG. But in Canada, our mortgages are insured by the government. With our debt to GDP the highest of...
  20. M

    Need Advice/help (again)

    Based on his other holdings and the land registry, you are not far off. Although he didn't lose money, he'll make only $30k from the sale at most. It was a private listing of course, but it highlights the kind of decline we could be facing.

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